Taylor Morrison Home (NYSE:TMHC) Stock Rating Lowered by Barclays

Taylor Morrison Home (NYSE:TMHC) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on TMHC. Raymond James Financial lowered Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Bank of America reduced their target price on shares of Taylor Morrison Home from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Zacks Research upgraded shares of Taylor Morrison Home from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup cut shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada lowered shares of Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.43.

Taylor Morrison Home Stock Up 0.1%

TMHC stock opened at $71.94 on Tuesday. Taylor Morrison Home has a fifty-two week low of $54.15 and a fifty-two week high of $72.50. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.69 and a beta of 1.44. The business’s 50 day moving average price is $66.78 and its two-hundred day moving average price is $63.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.30. Taylor Morrison Home had a return on equity of 11.48% and a net margin of 8.77%.The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $2.07 EPS. The firm’s revenue for the quarter was down 26.8% compared to the same quarter last year. As a group, analysts forecast that Taylor Morrison Home will post 5.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taylor Morrison Home

Several large investors have recently modified their holdings of the stock. Miller Capital Partners Inc. purchased a new position in Taylor Morrison Home in the fourth quarter worth about $27,000. Brown Brothers Harriman & Co. bought a new position in shares of Taylor Morrison Home in the fourth quarter worth approximately $33,000. Root Financial Partners LLC grew its holdings in shares of Taylor Morrison Home by 65.7% during the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock valued at $37,000 after buying an additional 253 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.